Laserbond Limited · ASX:LBL
Laserbond — Investor Presentation (September 2024)
30 slides from Laserbond's investor presentation, Sep 3, 2024
Slide 1: September 2024
For personal use only September 2024 ASX: LBL
Slide 2: For personal use only
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 3: Business Overview
BUSINESS OVERVIEW For personal use only A market-leading specialist surface engineering business that develops and applies sophisticated technologies to increase wear life on capital-intensive machinery across the spectrum of heavy industry. Our products and services increase productivity while redu
Slide 4: Safety & Sustainability
SAFETY & SUSTAINABILITY For personal use only As a business that operates in industrial Safety Sustainability Certifications markets, LaserBond • Risks exist from exposure to heavy • LaserBond’s core business • LaserBond has JAS-ANZ embraces ‘safety first’ machinery and moving mitigates the impact o
Slide 5: For personal use only
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 6: Strategic Pillars
STRATEGIC PILLARS For personal use only FOCUS: GROWTH AND INNOVATION The opportunities in front of LaserBond are substantial and exciting, and there is much vital activity in preparing and progressing our strategic objectives to capture the value they offer. Our strategy is designed to guide the exp
Slide 7: National Expansion
NATIONAL EXPANSION Our most recent deal in ▪ A core tenet of our growth strategy has been to make our services and technology more accessible for customers, thereby increasing efficiency and Our attention has moved For personal use only Western Australia has been reducing costs, lead times, and cust
Slide 8: Investment in the Gateway Group, Perth WA
INVESTMENT IN THE GATEWAY GROUP, PERTH WA Why Western Why the Gateway Group? Ownership, Rights & Options Australia? For personal use only ▪ LBL gained 40% ownership of Gateway in March 2024. ▪ Firmly founded in large WA industrial ▪ Everything wears, causing markets, with a strong industry network ▪
Slide 9: International Expansion
INTERNATIONAL EXPANSION The discovery ▪ On successful expansion to North America with the necessary local capabilities, including management, skilled staff and capacity For personal use only to support growth in the right location in FY25, the phases of our international growth strategy are: process
Slide 10: Improving Capacity & Capability Utilisation
IMPROVING CAPACITY & CAPABILITY UTILISATION FY25 OBJECTIVE: ▪ Each customer’s requirements are not unique. They require quick turnaround to support their equipment being in service and productive for as long as possible. For Services Division work, many will choose the shortest lead time option over
Slide 11: Innovation
INNOVATION Our investment in the ▪ Wear in all its forms of machine components has a large economic impact. The cost of abrasive wear For personal use only development of new technologies alone has been estimated as 1 to 4% of the gross national product of industrialised countries[1]. to address mar
Slide 12: Technology
TECHNOLOGY FY24 Strategic Refocus: ▪ After reviewing our technology division licensing performance to date versus the significant opportunity for For personal use only LaserBond, it was agreed that we need to better respond to market demand by offering a small range of Our licensing has standardised
Slide 13: For personal use only
For personal use only Financial Investment Business Overview Strategy Appendices Performance Rationale
Slide 14: FY24: A Year of Investment
FY24: A YEAR OF INVESTMENT To achieve our future 1.2% 2.0% 1.2% 1.1% 2.9% For FY24, 81% of For personal use only growth plans, 1.9% 1.6% total costs were LaserBond’s remains 2.1% related to: focused on appropriate 4.7% • 43.9% People (Wages & investment in resources: related on-costs) 4.9% 43.9% (FY
Slide 15: FY24: A Year of Investment
FY24: A YEAR OF INVESTMENT People Materials & General Capabilities & Capacity Net expenses in Supplies For personal use only FY24 grew to • Our business is run by our • Our equipment and the facilities to utilise $37.14 million [1] people, who instigate • Raw materials, and general this equipment pr
Slide 16: Services Segment
SERVICES SEGMENT ▪ Offers reclamation of worn industrial components using LaserBond® cladding and thermal spraying as well as high-capacity For personal use only welding, machining and heat treatment to provide a complete service suite – typically extending surface life of plant and equipment betwee
Slide 17: Products Segment
PRODUCTS SEGMENT ▪ Manufactures products incorporating LaserBond® cladding applications, such as steel mill rolls, rotary feeders, and OEM consumables used For personal use only across a wide range of industries. ▪ Our December 23 half-year report advised there was an estimated $2 million of additio
Slide 18: For personal use only
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 19: Investment Rationale
INVESTMENT RATIONALE A compelling Innovative For personal use only investment Environmental Visionary 1. Technology & 2. 3. Growth Potential 4. opportunity with Benefits Leadership Niche Market innovative technology, a commitment to ▪ Specialising in surface ▪ We understand the impacts ▪ We are focu
Slide 20: For personal use only
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 21: LaserBond Snapshot
LASERBOND SNAPSHOT LBL SHARE PRICE INDEX MOVEMENT VS ASX200 * 28 Aug 2023 = 100 COMPANY INFORMATION For personal use only 110 LBL Incorporation 30/09/1992 IPO 17/12/2007 Sydney, Melbourne, Adelaide, Offices/sites Brisbane, Perth 85 ASX200 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul No of staff 1
Slide 22: FY24 Performance Summary
FY24 PERFORMANCE SUMMARY 2H 1H Sales Revenue EBITDA NPBT Earnings Per Share Cash on Hand For personal use only $M $M $M Cents $M 21.7 20.0 5.6 3.6 2.5 5.3 17.3 5.3 3.5 3.1 2.0 1.6 10.9 12.9 3.3 1.7 1.7 8.9 3.5 2.2 1.7 20.3 5.7 5.8 18.7 4.6 4.2 2.7 1.8 4.9 11.3 11.8 13.4 3.1 3.4 2.2 1.6 1.5 4.0 2.7 1
Slide 23: Five Year Earnings
FIVE YEAR EARNINGS A$000 2020 2021 2022 2023 2024 For personal use only Sales Revenue 22,177.3 24,664.5 30,711.1 38,612.4 41,983.6 Gross profit 11,522.8 12,588.0 16,701.2 20,463.0 21,642.0 Operating Expenses (5,335.3) (6,214.3) (8,024.8) (10,266.1) (12,192.1) EDITDA 6,187.5 6,373.7 8,676.4 10,196.9
Slide 24: Five Year Balance Sheet / Cash Flows
FIVE YEAR BALANCE SHEET / CASH FLOWS A$000 2020 2021 2022 2023 2024 For personal use only Cash & Equivalents 3,997.7 4,907.9 5,683.8 8,929.2 5,759.1 Current assets 11,843.7 14,929.1 22,367.7 25,715.3 22,237.0 Non-current assets 11,759.7 14,601.8 23,455.8 26,117.2 38,429.0 Total assets 23,603.4 29,53
Slide 25: Before & After Showcase
BEFORE & AFTER SHOWCASE SEED CRUSHING SHAFT (FOOD INDUSTRY) WEAR PADS (MINING) For personal use only 25
Slide 26: Before & After Showcase
BEFORE & AFTER SHOWCASE SPLINES (MINING) CAST IRON HUBS (HEAVY TRANSPORT) For personal use only 26
Slide 27: Before & After Showcase
BEFORE & AFTER SHOWCASE GEARBOX BORES REAMERS & STABILISER (OIL & GAS) For personal use only 27
Slide 28: Before & After Showcase
BEFORE & AFTER SHOWCASE DESALINATION PUMP (WATER) WHEEL SPLINDLE SPLINE For personal use only 28
Slide 29: Disclaimer
DISCLAIMER No responsibility for contents of Investor Accuracy of projections and forecasts No offer to sell or invitation to buy Presentation For personal use only This Investor Presentation may include certain This Investor Presentation does not, and should To the maximum extent permitted by law,
Slide 30: Further Information
Further Information: Wayne Hooper For personal use only Chief Executive Officer Matthew Twist Chief Financial Officer and Company Secretary www.laserbond.com.au (02) 4631 4500